Horatio Alger Endowment Fund
99 Canal Center Plz Ste 320, Alexandria, VA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $13,748,030 | $16,122,465 | $345,015,771 |
| FY2023 | $12,596,913 | $15,504,446 | $327,468,391 |
| FY2022 | $41,403,763 | $7,017,611 | $307,407,261 |
| FY2021 | $58,271,352 | $8,352,050 | $322,925,481 |
| FY2020 | $16,840,883 | $8,944,491 | $274,458,119 |
| FY2019 | $27,173,917 | $11,348,007 | $251,276,774 |
| FY2018 | $20,899,848 | $8,665,226 | $221,417,811 |
| FY2017 | $43,388,283 | $12,501,783 | $233,360,622 |
| FY2016 | $14,006,271 | $7,820,524 | $186,440,140 |
| FY2015 | $36,374,870 | $9,260,321 | $170,913,166 |
| FY2014 | $31,694,668 | $6,079,963 | $152,673,675 |
| FY2013 | $18,282,037 | $2,492,306 | $132,496,680 |
| FY2012 | $12,503,849 | $2,260,124 | $101,938,490 |
| FY2011 | $24,433,579 | $2,014,199 | $85,745,653 |
Form 990 filings
The returns filed by Horatio Alger Endowment Fund (EIN 27-2480291), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $4,886,375 | 36% |
| Program service revenue | $0 | 0% |
| Other revenue | $8,861,655 | 64% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $14,115,129 | 88% |
| Management & general | $1,995,181 | 12% |
| Fundraising | $12,155 | <1% |
What the numbers show
- Other revenue made up 64% of total revenue in FY2024.
- Program services accounted for 88% of functional expenses, management & general 12%, and fundraising 0%.
- 88% of functional expenses went to program services in FY2024. That is higher than 64% of 136 Education organizations in VA.
- Net assets covered about 256.8 months of expenses at the end of the reporting year. That puts it in the 94th percentile among 1604 Education organizations in VA.
- Total revenue was higher than 94% of 1641 Education organizations in VA.
- Total revenue fell from $24,433,579 in FY2011 to $13,748,030 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2023, FY2024).
- The highest revenue on record here is $58,271,352 in FY2021.
- Net assets grew from $85,745,653 to $345,015,771 between FY2011 and FY2024.
- Contributions and grants made up 90% of revenue in FY2011 and 36% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE PURPOSE OF THE FUND IS TO PROMOTE EDUCATIONAL AND CHARITABLE PURPOSES, AND IN PARTICULAR TO RECEIVE, HOLD, INVEST AND DISTRIBUTE FUNDS TO THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. (THE "ASSOCIATION") FOR THE BENEFIT OF THE ASSOCIATION'S EXISTING AND FUTURE PROGRAMS.
IRS status
| Ruling year | 2010 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B11 — Education (in VA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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